Reported 2 days ago
Jim Cramer highlighted Texas Roadhouse as a notable stock investment despite its recent struggles, attributing the company's performance issues to a shrinking cattle supply in the U.S., the smallest since the 1950s. He pointed out that while the casual dining chain is a significant meat buyer, stock prices have been adversely affected by rising cattle costs, reminiscent of market trends from 2014. Despite these challenges, Cramer remains optimistic about the potential for Texas Roadhouse and continued investments from his Charitable Trust.
Source: YAHOO